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Dow Rises 3rd Straight Day
In Light Trading

By

Peter A. McKay

Updated May 27, 2006 12:01 a.m. ET

Stocks rallied for a third straight day, buoying Wall Street's hopes that the market's free-fall has indeed ended, not just paused.

Data showing modest buoyant readings in consumer confidence, personal income and spending helped stocks. More to the point, those reports were free of the kind of nasty surprise that pummeled stocks from May 10 through Tuesday, a period during which inflation fears caused the Dow Jones Industrial Average...